ECB Officials Warn of Downside Risks to Euro Area Growth, Bank Profit Outlook - Claudia Buch

European Central Bank@ecb

2 years ago

To be agile and proactive in addressing emerging risks, we are committed to completing the SREP reform initiated by independent experts and to using escalation measures so banks remedy deficiencies, says Supervisory Board Chair Claudia Buch. Read more https://t.co/l8foP2yz3V https://t.co/NgdxOAaHsJ

First Squawk@FirstSquawk

2 years ago

ECB'S BUCH: WE NEED TO CLOSE THE REMAINING GAPS IN OUR CRISIS MANAGEMENT FRAMEWORK AS SOON AS POSSIBLE || THIS YEAR, WE WILL INTENSIFY THE USE OF ESCALATION MECHANISMS TO ENSURE THAT SUPERVISORY FINDINGS ARE ADDRESSED AND DEFICIENCIES ARE REMEDIED BY BANKS

FinancialJuice@financialjuice

2 years ago

🔴 ECB'S BUCH: THIS YEAR, WE WILL INTENSIFY THE USE OF ESCALATION MECHANISMS TO ENSURE THAT SUPERVISORY FINDINGS ARE ADDRESSED AND DEFICIENCIES ARE REMEDIED BY BANKS.